beautiful picture of actress AIG Life Insurance | headline female ...

by Tuluswati

AIG, or the American International Group, Inc. is a world leader in financial services providing, including life insurance. AIG is--or was up until very recently at the time of this writing--the leading international insurance organization, having operations in over 130 nations and jurisdictions. AIG companies provide commercial, institutional, and individual financial services through the most extensive worldwide property-casualty and life insurance networks of any insurance company, although they are ! being closely competed with by MetLife. What's more, AIG companies are leading providers of financial services and asset management across the globe. AIG has its common stock listed on the New York, Ireland and Tokyo stock exchanges. AIG has also announced plans at the time of this writing to sell at least most of its life insurance and retirement asset management affiliate companies in the U.S., Europe, and Latin America, and in fact the vast majority of all of its businesses with the notable exception of certain of its core property and casualty insurance businesses in its attempts to pay back the U.S. federal government for preventing it from having to declare bankruptcy. Where not long ago AIG's stock traded at over $70 a share on the New Yorks Stock Exchange, it now trades for less than $4 a ! share. However, more than one economist is concerned that at least for now AIG is going to have some trouble getting rid of its life insurance and most other businesses. "He's trying to refocus AIG to be a true insurance company. The question is, with current market conditions, will there be reasonable bids? If he doesn't generate enough cash to pay off the loan, then everything comes tumbling down," says Rob Haines, a debt analyst at CreditSights Inc. However, AIG is going to do everything it can to retain a majority stake in its American International Assurance Co. life...

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